Should we buy an old but central HDB unit, or a newer one but located further away?

On average, there was a price disparity of $61,662 between the older and newer flats in Jurong East.

Additionally, it is worth mentioning that the older flats in Clementi and Jurong East predominantly consist of larger unit types such as "4 New Generation" and "4 Model A", both of which come with two bathrooms and a store.The data suggests that the rate of depreciation for flats located in the outskirts is comparatively slower than those situated in the city fringe.

Another reason why lower-priced flats could see better support is due to the availability of CPF housing grants. These grants are of a fixed amount, so for a lower-priced HDB, the proportion of the grant to the housing price is greater than if the HDB was priced higher. In situations where the sum falls below 95, the loan quantum, CPF housing grants, and CPF withdrawal limit will be proportionally adjusted. This requirement may discourage younger buyers from purchasing such flats, as they would need to contribute more cash or CPF funds if they do not meet the eligibility criteria. This consideration also applies to your situation as a buyer in your late 20s.

For Singaporeans, this may not be a significant concern as the HIP is subsidised, and they typically only need to pay a portion of the cost, ranging from five per cent to 12.5 per cent. This amount is usually less than $1,500 and can be paid through CPF funds. However, for Permanent Residents , the HIP is not subsidised, and they are required to pay the full amount, which can reach up to $10,000. We just wanted to put this out there for the sake of completeness.

Whereas a newer flat in a less convenient location might appreciate by $100,000 over the next 10 years. The difference to you? $200,000.

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